Ace Landscape Buys 100 Shovels for $15 Each

question 24

Multiple Choice

Ace Landscape buys 100 shovels for $15 each. Ace sells all 100 shovels at $29.99. What is his profit?

• A)$1,500
• B)$2,999
• C)$1,499
• D)$1,400
• E)None of these

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Definitions:

Denying A Claim

Denying a claim involves rejecting an insurance or financial request for payment due to reasons such as lack of coverage or failure to meet policy conditions.

Company Liability

The legal and financial responsibilities or obligations that a corporation may have due to its actions or policies.

Workplace Morale

The general condition of the psychological well-being, attitudes, satisfaction, and overall outlook of employees within a work environment.

Grapevine

An informal communication channel through which rumors and unofficial information are often spread within an organization or community.